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The Warsaw Voice » Real Estate » October 27, 2017
Real Estate
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PropTech - a New Frontier for Commercial Real Estate
October 27, 2017   
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Digital transformation is already sweeping across the world of finance, transport, marketing and media. Tesla has revolutionized the automotive industry, AirBnB did the same with tourism, while Spotify and Netflix came to replace CDs. Car-sharing has recently been added to this list. On the commercial real estate market PropTech, similar to shared office space or co-working, is one of the fastest growing sectors. Through sharing office resources, micro enterprises, startups, and freelancers are gaining access to top-class work infrastructure using countrywide online office transaction platforms like www.sharespace.pl.

With the rapidly changing needs and profiles of the new generation of tenants, including the growing number of start-ups, we are standing on the brink of a new technological revolution on the office market. Desktop or smartphone apps, which allow us to book a conference room or workstation, enter the building or even control lights is no longer an option - it is an imperative, and people expect even more to be able enjoy a comfortable working environment.

“Co-working spaces are shaping a new frontier for the way we lease office space, but also become the breeding grounds for the most innovative tech solutions”, say Robert Chmielewski and Marcin Dyszyński, the co-founders of the Polish flexible office transaction platform - www.sharespace.pl.state.

Co-working offers a unique alternative to the workplace with flexible rental terms, attractive rents, short-term lease agreements, ready-to-use office equipment and "plug and play" infrastructure. It also brings a number of additional immeasurable benefits, such as business contacts and social events, or work in an inspiring environment. Unlike a traditional office, the co-working spaces consist of people who work for various companies and projects, in different industries. It is a space that combines the best elements of a coffee shop and a workspace, which results in a relaxed and yet professional atmosphere, building a creative environment that encourages collaboration and a genuine sense of community.

“Co-working space accounts for less than 1% of Warsaw’s total office stock compared with 2-3% in the world’s leading co-working locations. This segment of the Warsaw market is, however, expanding at a brisk pace of 70% year-on-year in 2017 and is expected to provide 78,000 sq m of co-working space by 2020”, says Mikołaj Niemczycki, Negotiator, Office Agency of Cushman & Wakefield.

Recognizing the fast-paced development of office infrastructure for small and medium-sized businesses and startups, as well as changing leasing preferences from corporations, namely through co-working, Cushman & Wakefield Polska and ShareSpace have signed in September 2017 a Strategic Partnership Agreement.

The partners are keen on mutual development and promotion of technological and commercial solutions for flexible lease transactions.

Niemczycki and Chmielewski talked about the new partnership of both firms during the PropTech: Digital Transformation In Commercial Real Estate Conference, the first event in Poland dedicated to new technologies in commercial real estate. It was held on September 11th, at The Heart Warsaw on 38th floor of the Warsaw Spire building. The event was organized by Cushman & Wakefield together with ShareSpace and spaceOS - two dynamically developing real estate startups.

Thanks to the cooperation between Cushman & Wakefield and ShareSpace, the parties will be able to address the growing demand for flexible office space with this easy-to-use, tech-enabled tools. This is the first of its kind corporate and startup cooperation on the Polish office leasing market.
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